Care.com Inc (NYSE:CRCM) Expected to Post Quarterly Sales of $50.81 Million

Equities analysts predict that Care.com Inc (NYSE:CRCM) will report sales of $50.81 million for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Care.com’s earnings. The lowest sales estimate is $50.80 million and the highest is $50.81 million. Care.com reported sales of $49.81 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 2%. The company is scheduled to report its next earnings report on Thursday, March 5th.

According to Zacks, analysts expect that Care.com will report full year sales of $208.41 million for the current fiscal year, with estimates ranging from $208.40 million to $208.41 million. For the next fiscal year, analysts forecast that the company will report sales of $223.81 million, with estimates ranging from $223.00 million to $224.62 million. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for Care.com.

Care.com (NYSE:CRCM) last issued its earnings results on Wednesday, November 6th. The information services provider reported $0.11 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.04) by $0.15. Care.com had a positive return on equity of 7.48% and a negative net margin of 9.43%. The business had revenue of $53.29 million during the quarter, compared to analysts’ expectations of $52.23 million. During the same quarter in the previous year, the business earned $0.18 EPS. The company’s revenue for the quarter was up 8.4% on a year-over-year basis.

A number of research firms have weighed in on CRCM. Craig Hallum upped their price target on Care.com from $9.00 to $13.00 and gave the stock an “in-line” rating in a report on Thursday, November 7th. BTIG Research cut Care.com from a “buy” rating to a “neutral” rating in a report on Friday, December 20th. TheStreet upgraded Care.com from a “d+” rating to a “c-” rating in a report on Thursday, December 26th. Stifel Nicolaus upped their price target on Care.com from $10.00 to $12.00 and gave the stock a “hold” rating in a report on Wednesday, November 6th. Finally, ValuEngine upgraded Care.com from a “hold” rating to a “buy” rating in a report on Saturday, December 21st. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $13.00.

In other news, insider David Krupinski sold 2,926 shares of the stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $12.69, for a total transaction of $37,130.94. Following the completion of the transaction, the insider now directly owns 159,737 shares in the company, valued at approximately $2,027,062.53. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Sheila Lirio Marcelo sold 9,396 shares of the stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $12.69, for a total value of $119,235.24. Following the transaction, the chief executive officer now owns 1,254,178 shares of the company’s stock, valued at $15,915,518.82. The disclosure for this sale can be found here. In the last 90 days, insiders sold 14,522 shares of company stock valued at $184,284. 28.10% of the stock is owned by company insiders.

Several institutional investors have recently added to or reduced their stakes in the company. Wells Fargo & Company MN raised its position in shares of Care.com by 14.3% during the 2nd quarter. Wells Fargo & Company MN now owns 51,049 shares of the information services provider’s stock valued at $561,000 after acquiring an additional 6,387 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Care.com by 5,040.1% in the second quarter. JPMorgan Chase & Co. now owns 249,964 shares of the information services provider’s stock worth $2,749,000 after purchasing an additional 245,101 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Care.com by 9.8% in the second quarter. Charles Schwab Investment Management Inc. now owns 57,059 shares of the information services provider’s stock worth $627,000 after purchasing an additional 5,116 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of Care.com by 1.2% in the second quarter. Bank of New York Mellon Corp now owns 287,110 shares of the information services provider’s stock worth $3,152,000 after purchasing an additional 3,372 shares in the last quarter. Finally, Pacer Advisors Inc. bought a new position in shares of Care.com in the second quarter worth $79,000. Institutional investors own 74.27% of the company’s stock.

Shares of NYSE:CRCM remained flat at $$14.98 during trading on Tuesday. The stock had a trading volume of 199,520 shares, compared to its average volume of 1,048,690. The firm has a market capitalization of $496.26 million, a price-to-earnings ratio of -16.28 and a beta of 1.03. Care.com has a 1-year low of $7.61 and a 1-year high of $25.81. The company has a 50-day moving average price of $13.99 and a 200-day moving average price of $11.52. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.57 and a current ratio of 2.57.

Care.com Company Profile

Care.com, Inc operates an online marketplace for finding and managing family care in the United States and internationally. The company helps families to address their lifecycle of care needs, including child care, senior care, and special needs care, as well as other non-medical family care needs, such as pet care, tutoring, and housekeeping; and enables caregivers to find full-time and part-time employment opportunities.

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